795 Shalimar Dr - Apartments FOR SALE


Costa Mesa, CA 92627- Downtown Costa Mesa
$1,750,000 USD
951-756-0448
795 Shalimar Dr, Costa Mesa, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/8
null | 4% Cap Rate

795 Shalimar Dr
Costa Mesa, CA 92627
Downtown Costa Mesa


HIGHLIGHTS

  • Spacious Two- & Three-Bedroom Units with Private Outdoor Space (Patio or Balcony)
  • Attractive Basis - Currently, the Lowest Priced Fourplex in Costa Mesa
  • Upside Potential - In-Place Rents are 29% Below Market
  • Residential Financing - A New Buyer has the Opportunity to Acquire Property with a 30-Year Fixed Rate Loan
  • Located in an Opportunity Zone
  • On-Site Laundry Facility, New Exterior Paint & a Majority of Windows Replaced

OVERVIEW

795 Shalimar Drive is a 4-unit multifamily investment opportunity located in an opportunity zone in Costa Mesa. Featuring spacious two- & three-bedroom floorplans with upside potential, this fourplex is currently the lowest priced fourplex in they city. A new buyer can acquire the property with a 30-year fixed rate loan. The property offers residents covered parking spaces and an on-site laundry facility.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$467 USD /SF

# OF UNITS

4

PRICE/UNIT

$437,500

CAP RATE

4%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,290 SF

ZONING

-

APN/PARCEL ID

424-054-02

ASK ABOUT THIS PROPERTY

951-756-0448

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951-756-0448

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